Analysts Expect Sailpoint Technologies Holdings Inc (NYSE:SAIL) Will Announce Earnings of $0.08 Per Share

Equities research analysts expect Sailpoint Technologies Holdings Inc (NYSE:SAIL) to post earnings per share of $0.08 for the current quarter, according to Zacks. Six analysts have made estimates for Sailpoint Technologies’ earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.09. Sailpoint Technologies reported earnings per share of $0.19 in the same quarter last year, which indicates a negative year over year growth rate of 57.9%. The company is expected to issue its next quarterly earnings results on Tuesday, March 3rd.

On average, analysts expect that Sailpoint Technologies will report full year earnings of $0.14 per share for the current fiscal year, with EPS estimates ranging from $0.13 to $0.15. For the next financial year, analysts anticipate that the business will report earnings of $0.23 per share, with EPS estimates ranging from $0.19 to $0.31. Zacks’ EPS averages are an average based on a survey of research analysts that cover Sailpoint Technologies.

Sailpoint Technologies (NYSE:SAIL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.11. Sailpoint Technologies had a positive return on equity of 1.57% and a negative net margin of 3.13%. The business had revenue of $75.88 million during the quarter, compared to analyst estimates of $70.50 million. During the same quarter last year, the firm posted $0.12 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis.

A number of brokerages recently issued reports on SAIL. Needham & Company LLC reissued a “buy” rating and set a $26.00 price target on shares of Sailpoint Technologies in a research report on Thursday, November 7th. ValuEngine raised shares of Sailpoint Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday. Jefferies Financial Group upped their price objective on shares of Sailpoint Technologies from $26.00 to $28.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Zacks Investment Research downgraded shares of Sailpoint Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, TheStreet upgraded shares of Sailpoint Technologies from a “d” rating to a “c-” rating in a report on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $27.57.

In related news, Director William G. Bock sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $23.43, for a total value of $93,720.00. Following the transaction, the director now directly owns 93,347 shares of the company’s stock, valued at approximately $2,187,120.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark D. Mcclain sold 56,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $20.74, for a total value of $1,161,440.00. In the last quarter, insiders sold 217,800 shares of company stock worth $4,355,862. 4.10% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of SAIL. Metropolitan Life Insurance Co NY raised its position in shares of Sailpoint Technologies by 23.8% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 27,709 shares of the company’s stock valued at $518,000 after buying an additional 5,334 shares in the last quarter. California State Teachers Retirement System boosted its stake in Sailpoint Technologies by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 133,625 shares of the company’s stock valued at $2,497,000 after purchasing an additional 1,596 shares during the period. State Street Corp boosted its stake in Sailpoint Technologies by 3.1% during the 3rd quarter. State Street Corp now owns 1,786,541 shares of the company’s stock valued at $33,390,000 after purchasing an additional 53,253 shares during the period. Dean Capital Investments Management LLC grew its position in Sailpoint Technologies by 23.6% in the 3rd quarter. Dean Capital Investments Management LLC now owns 33,162 shares of the company’s stock worth $620,000 after purchasing an additional 6,332 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in Sailpoint Technologies by 1.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,018,179 shares of the company’s stock worth $37,719,000 after purchasing an additional 27,559 shares during the last quarter. Hedge funds and other institutional investors own 92.38% of the company’s stock.

NYSE:SAIL opened at $24.30 on Wednesday. The firm’s 50-day moving average price is $22.15 and its 200-day moving average price is $20.68. The company has a market capitalization of $2.17 billion, a PE ratio of 151.88 and a beta of 2.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.25 and a quick ratio of 4.25. Sailpoint Technologies has a 1-year low of $16.63 and a 1-year high of $32.25.

Sailpoint Technologies Company Profile

SailPoint Technologies Holdings, Inc designs, develops, and markets identity governance software solutions in North America, Europe, and the Asia Pacific. The company offers on-premises software and cloud-based solutions, which empower organizations to govern the digital identities of employees, contractors, business partners, and other users, as well as manage their constantly changing access rights to enterprise applications and data across hybrid IT environments.

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Earnings History and Estimates for Sailpoint Technologies (NYSE:SAIL)

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